Difference between revisions of "Budget deficit"
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| − | + | A '''budget deficit''' is the amount each year by which [[government]] spending is greater than government income. This [[deficit]] can be borrowed by using money left over from a [[budget surplus]] or by borrowing money. | |
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==Sources== | ==Sources== | ||
Revision as of 21:57, August 6, 2011
A budget deficit is the amount each year by which government spending is greater than government income. This deficit can be borrowed by using money left over from a budget surplus or by borrowing money.